Hi TTH, welcome Top Pick, whoever you are. Nice to see you’re enthusiastic about DES. The more the merrier. I'm wondering if your a chartist, as that might make forfor some interesting views.
Although I would like to see a bit more volume before I put down the glasses on today. There may be some excitement to the pending news that DES is going to make a full take over bid for BYI. DES has looked cheap, but I am curious to see the funding arrangements should a full takeover be forthcomming. This was the only thing that stopped me picking some more up at 24.5. ( as mentioned I am keen on a SPP of some description).
The partnership with CinemaNow will demonstrate its worth in the future, but then again so will the Myspace deal and a host of others.
Have been busy with other things and have not really focused on DES at all, convinced at circa 25cents there was little downside risk. Also DES requires some effort to get a true handle on what their about, this works to the advantage of accumulators such as myself.
With the federal gov's talk of bringing "fibre to the node" broadband, soon DES will catch the eye of more and more investors. Although DES has been going for eight years I think now offers ground floor entry as it's on its way to be a serious company.
I was hoping the SP wouldn't run up just yet, but alas happy if it does.
All just IMHO of course.
Oscar
DES Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
